Registered Number 07687672
P C M MOWERMAN LIMITED
Abbreviated Accounts
31 August 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
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( |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Plant and Equipment - 15% reducing balance
Office equipment and furniture - 15% reducing balance
Computer - 20% straight line
Motor van - 25% reducing balance
Other accounting policies
Stock is valued at the lower of cost and net realisable value.
Transaction with Directors
A Lease was signed by Company with its Director for the use of his premises at Unit 1, Cottons Yard, Water Lane, Storrington, West Sussex, RH20 3EA, at an annual rental of £6,000 based upon the open market value. The rental paid during the year has been shown in the Profit and Loss Account.
£ | |
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Cost | |
At 1 September 2015 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 August 2016 |
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Depreciation | |
At 1 September 2015 |
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Charge for the year |
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On disposals |
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At 31 August 2016 |
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Net book values | |
At 31 August 2016 | 13,391 |
At 31 August 2015 | 12,703 |